1117 COUNTRY HILLS DR DR

About this home

This home for sale at 1117 COUNTRY HILLS DR DR Ogden, UT 84403 has been listed at $2,500,000 and has been on the market for 2 days.

Full description

***SELLER FINANCING*** - Seller financing at 5% fixed for 11 years & only 8% down to close Country Hills Apartments is a fully stabilized nine-unit multifamily asset located at 1117 Country Hills Drive in Ogden, Utah, offered with a documented pathway to expand to 18 or 23 total units on site. Originally converted from office use in 2023, all interiors are fully upgraded and all nine units are currently leased. Current rents are below market. Interior finishes are in upgraded condition, and the discount reflects the exterior's unfinished state rather than unit quality. A buyer can raise rents by investing in exterior improvements prior to construction, or bundle those upgrades with the expansion and execute both simultaneously. The property is zoned R-4 and sits on approximately 0.75 acres. Ogden City has previously granted full approval for a nine-unit, two-story expansion to 18 total units based solely on the main parcel, requiring no third-party cooperation. A second adjacent parcel, currently held in part by two neighboring HOAs, would unlock a third-floor expansion to 23 total units if consolidated. Architectural and engineering drawings for the full 23-unit configuration are complete and have received prior city approval, reducing both cost and timeline risk for a buyer pursuing that path. In anticipation of the expansion, the sellers upgraded the existing building's water line and fire suppression system to support the new structure, creating direct cost savings for a future developer. Investment highlights - Stabilized 9-Unit Income Base with Immediate Value-Add Rent Upside - Approved by-right expansion to 18 units with no third-party cooperation required - Full entitlement pathway to 23 units with completed architectural and engineering drawings - Seller financing at 5% fixed for 11 years & only 8% down to close - Rent upside available through exterior improvements without waiting on expansion - Infrastructure already upgraded to support new construction, reducing future development costs - Adjacent to Intermountain McKay-Dee Hospital, one of Utah's top-ranked regional employers

Property highlights

• Originally converted from office use in 2023, all interiors are fully upgraded and all nine units are currently leased. .
• Interior finishes are in upgraded condition, and the discount reflects the exterior's unfinished state rather than unit quality. .
• A second adjacent parcel, currently held in part by two neighboring HOAs, would unlock a third-floor expansion to 23 total units if consolidated. .
• In anticipation of the expansion, the sellers upgraded the existing building's water line and fire suppression system to support the new structure, creating direct cost savings for a future developer. .
• Investment highlights - Stabilized 9-Unit Income Base with Immediate Value-Add Rent Upside - Approved by-right expansion to 18 units with no third-party cooperation required - Full entitlement pathway to 23 units with completed architectural and engineering drawings - Seller financing at 5% fixed for 11 years & only 8% down to close - Rent upside available through exterior improvements without waiting on expansion - Infrastructure already upgraded to support new construction, reducing future development costs - Adjacent to Intermountain McKay-Dee Hospital, one of Utah's top-ranked regional employers.
• ***SELLER FINANCING*** - Seller financing at 5% fixed for 11 years & only 8% down to close Country Hills Apartments is a fully stabilized nine-unit multifamily asset located at 1117 Country Hills Drive in Ogden, Utah, offered with a documented pathway to expand to 18 or 23 total units on site. .

Property details

Property Type

Residential

Sub-type

> 4 Units

Status

Active

Days on Market

2

Bedrooms

17

Bathrooms

9

Year Built

1978

Effective Year

1978

Stories

0

Living Area

9,422 sq ft

Lot Size

0.75 acres

Price/sqft

$265.34

Parking Total

0.00

County

Weber

City

Ogden

Zoning

Multi-Family

Tax Annual

$6,595

Preferred Financing

Seller Finance

Parcel #

06-081-0021

MLS Area

Ogdn; W Hvn; Ter; Rvrdl

Listed By

CBRE, Inc

Garage & parking

Parking total

0.00

Covered spaces

0.00

RV parking

0.00

Additional features

Schools

Neighborhood

Walk · Transit · Bike

Walk 73 Very Walkable Transit 46 Some Transit Bike 53 Bikeable

Most errands can be accomplished on foot. Some transit available. It's convenient to bike for trips.

Price History

Location

Ogden, UT · approximate location